Question detail
Harbour Hire serves commuters while opening a second outlet; the case evidence includes net profit margin of ?2,432, sales of 822 units, and a 15% change in costs or demand. Which option best applies Explain the impact and influence stakeholders can have on businesses and business objectives?
Try the question, check the answer, then read the explanation to understand the curriculum point.
At a glance
MCQ
Type
practice
Style
Topic
Stakeholders
Question
- A. Use business objectives to judge supplier lead time, managers impact, and the business objective in Stakeholder impact, influence and conflict.
- B. Give only a definition of Stakeholders without using the case evidence.
- C. Treat break-even and profit as identical and ignore the effect on managers.
- D. Choose the largest sales figure without checking costs, finance, or context.
Answer
The correct option is: Use business objectives to judge supplier lead time, managers impact, and the business objective in Stakeholder impact, influence and conflict.
Explanation
Choose this response because Use business objectives to judge supplier lead time, managers impact, and the business objective in Stakeholder impact, influence and conflict. The case evidence gives ?3,932, 822 units, and 15%, so the answer must explain the commercial effect rather than repeat a definition. The distractors are weaker because they confuse break-even and profit, miss the managers, or ignore the business objective.
Common mistake
Stakeholder impact, influence and conflict common mistake 1
Giving a vague answer instead of directly addressing: Explain the impact and influence stakeholders can have on businesses and business objectives..
Answer by clearly explaining how to explain the impact and influence stakeholders can have on businesses and business objectives..
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